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2016 Sustainability Report

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2016 Sustainability Report The Road to a Sustainable Future SMRT Corporation Ltd Sustainability Report 2016 SMRT Corporation Ltd (SMRT) is Singapore’s About this Report premier multi-modal land transport provider. Our core businesses are in rail operations, maintenance SMRT’s inaugural Sustainability Report 2016 provides an overview of our approach, priorities and progress in the and engineering as well as in bus, taxi and area of sustainability for the Financial Year 2016 (1 April automotive services. 2015 to 31 March 2016). Sustainability is integral to our business and as we embark on this journey of sustainability reporting, we also hope to identify and focus on areas Complementing these are our integrated of improvement. We intend to produce this report on an businesses in retail, media and marketing, as annual basis. well as properties and retail management. We With the environment as a key consideration, we have are committed to sustainable development and made a conscious decision to not produce physical copies corporate social responsibility. of this report. It is available on our corporate website. Scope SMRT was established in 1987 and was listed on the The Sustainability Report 2016 addresses our practices, Singapore Exchange in July 2000. As of 31 March initiatives and impact in Singapore. While we have business 2016, our market capitalisation stood at around interests overseas, the information and data provided in this report relates mainly to our local operations, where $2.3 billion. we are headquartered. Financial statements of our businesses can be found in our Annual Report 2016. As the construction of facilities and infrastructure are under the administration of the authorities, it is not within the scope of this report. Guidelines SMRT’s Sustainability Report 2016 adopts the reporting framework set out under the Global Reporting Initiatives (GRI) G4 Guidelines. We have prepared this report to meet the GRI G4 – ‘Core’ level as well as the Sustainability Reporting Framework of the International Association of Public Transport (UITP, from the French: l’Union Internationale des Transports Publics). Drawing on these two sets of guidelines, we have been able to produce Contents a balanced report, focusing on our key material issues. The GRI Content Index can be found on page 46. 3 Business Overview 7 Milestones Assurance 9 President and Group CEO’s Message Our Sustainability Report 2016 has not been externally assured. We aim to seek assurance in the future. 11 Our Strategy 13 Performance Summary Feedback 16 Our Approach to Sustainability We welcome feedback from our stakeholders on this report or our sustainability journey at [email protected]. 20 Our Corporate Governance and Ethics 22 Our Health and Safety 25 Our Environment 32 Our Customers 37 Our People 41 Our Community 45 Our Sustainable Procurement G4-3 ∕ G4-4 ∕ G4-5 ∕ G4-7 ∕ G4-8 ∕ G4-17 ∕ G4-28 ∕ G4-29 ∕ 46 GRI Content Index G4-30 ∕ G4-31 ∕ G4-32 ∕ G4-33 Visit our corporate website for more information at www.smrt.com.sg Join us on SMRTCorpSG @SMRT_Singapore SMRT SMRT Corporation Ltd 1 SMRT Corporation Ltd – Sustainability Report 2016 Our Vision Our Mission Our Core Values Moving People, To be the people’s choice Service Excellence, Enhancing Lives by delivering a world-class Mastery, Responsibility transport service and lifestyle and Respect, Teamwork, experience that is safe, reliable Nurture and Integrity. and customer-centric. SMRT Corporation Ltd – Sustainability Report 2016 2 Business Overview Rail Operations Rail • Dominant rail operator in Singapore. • Operates and maintains the Bukit Panjang Light • Operates and maintains the North-South and Rail Transit (BPLRT) system, comprising 7.8km of East-West Lines (NSEWL) and the Circle Line elevated guideways across 14 stations. (CCL) with a total route length of 129.8km across • Average daily ridership of about 2 million 84 stations. passenger trips. Revenue ($m) FY2016 681.0 FY2015 654.0 Operating Profit ($m) FY2016 7.4 FY2015 9.6 G4-4 ∕ G4-6 ∕ G4-8 ∕ G4-9 The Right Balance Rail and Non-Rail Operations Non-Rail Operations Buses Taxis Other Services • Manages a fleet of over 1,400 buses, providing 106 bus • Third largest taxi operator in Singapore with over Automotive Services Bus-Plus Services services connecting the Western and North-Western 20 years of experience in taxi operations. • Market leader in corporate fleet maintenance. • Premium private bus service operator with a areas with the rest of Singapore. • Manages a fleet of more than 3,500 taxis. • Engineering arm of SMRT Roads, providing fleet of about 80 buses including mini-buses and • Average daily ridership of about 1 million passenger trips. • Launched Strides Transportation to provide repairs and maintenance services for 12-metre buses. chauffeured and limousine services and car rental. approximately 5,000 SMRT vehicles and 2,000 • Provides 45 bus services to corporate clients corporate and private vehicles. such as Singapore General Hospital and • Authorised workshop for accident repair for Nanyang Polytechnic. several insurance companies. • Offers premium bus services that connect Revenue ($m) Revenue ($m) passengers between residential areas and the Central Business District during the morning FY2016 248.5 FY2016 147.9 and evening peak hours on weekdays. FY2015 238.1 FY2015 142.9 Revenue ($m) Operating Profit ($m) Operating Profit ($m) FY2016 33.4 FY2016 5.9 FY2016 17.0 FY2015 28.7 FY2015 (6.5) FY2015 13.7 Operating Profit ($m) FY2016 4.3 FY2015 2.4 3 SMRT Corporation Ltd – Sustainability Report 2016 SMRT Corporation Ltd – Sustainability Report 2016 4 Business Overview continued Rail Operations Rail Transit-Oriented Rental & Advertising • Rental network occupancy of 98%. • Optimised short-term lease space for higher rental yield. • Brought smiles to commuters with popular Disney franchises and movies on advertising and retail spaces. • Celebrated SG50 through engaging advertisements. Overview Revenue ($m) Operating Profit ($m) FY2016 174.6 FY2016 106.1 FY2015 156.6 FY2015 101.5 Note: Revenue and Operating Profit figures comprise Rail and Non-Rail Transit-Oriented Rental & Advertising and Commercial Business Non-Rail Operations Other Commercial Business Engineering Services Properties & Retail Media & Marketing Singapore Rail Engineering SMRT Services Transit- + Management • Launched WINK , first-of-its-kind loyalty • Rail engineering solutions provider to mass • Provides transport-related technical services Oriented • Leased more than 90% of space at app for retailers, out-of-home and transit operators locally and internationally. and support capabilities both locally and Singapore Sports Hub. digital advertisers to integrate their • Joint ventures with Toshiba to market and overseas. offline and online campaigns with supply energy-efficient propulsion systems to • Joint venture with 2 Getthere Holding B.V. to Rental & real-time return on investment tracking mass transit operators globally (excluding market, install, operate and maintain their and analytics. Japan), and with Faiveley Transport to Automated Vehicle systems in Singapore and Advertising Partnerships provide Maintenance, Repairs and Overhaul the Asia-Pacific region. • Manages retail and advertising • Enhanced consumer lifestyle offerings (MRO) services for rolling stock components SMRT International spaces within the network of bus and rewards through partnerships with in South East Asia (excluding Thailand). • Provides operations and maintenance, interchanges, buses and taxis. Citibank, Football Association of engineering consultancy and project Singapore, Maybank, The Walt Disney management services overseas. Company (Southeast Asia) and Revenue ($m) Warner Bros. FY2016 11.3 FY2015 15.2 Operating Profit ($m) FY2016 (0.03) FY2015 (2.4) 5 SMRT Corporation Ltd – Sustainability Report 2016 SMRT Corporation Ltd – Sustainability Report 2016 6 Milestones SMRT introduces new Bus Captain The SMRT Trains Engineering Progressive Career Scheme. Programme is launched PEOPLE to develop a sustainable pipeline of engineering professionals. Woodlands MRT station is the first MRT station in Singapore to be awarded the Official opening of Singapore Bus Building and Construction Authority’s SMRT establishes an Environmental Training and Evaluation Centre, Green Mark (Gold). Sustainability Committee to oversee Singapore’s first our green sustainability efforts. team-based simulation. ENVIRONMENTSMRT PEOPLE introduces 600 Prius Hybrid taxis, The Road to a SMRT equips two trains with the the largest hybrid fleet in Singapore. SMRT – Temasek Cares AED ENVIRONMENT Permanent Magnet Synchronous on Wheels is launched, a three-year Woodlands Xchange opens and tenants Motor-based propulsion systems pilot programme where 100 SMRT are first shop owners in Singapore to be Sustainable Future which can achieve energy savings taxis have Automated External certified with the Project: Eco-Shop label, of close to 40%. COMMUNITY Defibrillators (AEDs) installed in which was jointly developed by SMRT and their vehicles. Sustainability has been a part of our business since we began the Singapore Environment Council. SMRT collaborates with Pathlight School operations in 1987. to support inclusiveness and celebrate SMRT supports Wheels@Ubin, SMRT adds 30 new wheelchair-enabled abilities of people with special needs by a community project which brought London cabs to its fleet. unveiling 50 commissioned works of art 100 wheelchair users on a tour COMMUNITY featuring transport themes drawn to Pulau Ubin to celebrate SG50. by Pathlight
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